Option d is correct. Stock dividends on common stock should be recorded at their fair value by the investor when the related investment is accounted for under No-No methods.
Stock dividends are not regarded as income by the recipient. Investors don't report stock dividends at fair value as a result. In order to reduce the value per share, they merely reallocate the investment account balance (using either the cost or equity technique) over additional shares.
A stock dividend is a dividend payment that is delivered to shareholders in shares as opposed to cash. The benefit of the stock dividend is that it rewards shareholders without dipping into the company's cash reserves.
The majority of these stock distributions are made as fractions paid per outstanding share. If a business distributes a 5% stock dividend, it must give existing shareholders 0.05 shares for every share they currently own. Five extra shares would be added to the 100-share owner's ownership.
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g explain very briefly how irving fisher (quantity theory) believed inflation is determined by the growth rate of the money supply over economic growth (2 pts for the equation too).
A framework for comprehending price variations in connection to the availability of money in an economy is the quantity theory of money.
It contends that inflation is caused by a rise in the money supply and vice versa. The idea is most frequently put into practise using the Irving Fisher model.
According to the quantity theory of money, changes in price are correlated with changes in the amount of money in circulation. It is a crucial tenet of the monetarist economic theory and is most frequently formulated and taught using the equation of exchange.
The equation is:
M×V=P×T
where:
M=money supply
V=velocity of money
P=average price level
T=volume of transactions in the economy
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Chenrezic is an organization that specializes in subtitling foreign movies and television shows. According to the company's policy, if managers and employees meet quality standards, they can avail as many leaves as they like. This scenario illustrates that Chenrezic uses _____.self-control
Using the free Mac program Self Control, you can stay away from websites that are distracting. For a specified period of time, block your own access to websites or mail servers.
Explain what self-control is?The capacity to restrain one's emotions, ideas, and actions in the face of temptations and impulses is known as self-control, is a component of inhibitory control. It is a cognitive process known as executive function that is required for controlling behavior in order to accomplish particular goals.
Self control is described as a skill that enables someone to manage their conduct in order to accomplish goals.
It has been found that those who possess this skill can have greater physical and mental health. Conscientiousness and emotional stability can be inferred to be positive aspects of oneself.
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g max, who is single and age 30, provides you with the following information from his financial records for 2021.
Max AMT exemption for 2021 is $ 73,600.
In the given question, Max, who is single and age 30, provides you with the following information from his financial records for 2021.
If AMT is greater than regular tax, the taxpayer must pay the difference; conversely, if regular tax is greater than AMT, the taxpayer must pay the difference.
$73,600 is maximum Exemption available to individual (single) and $1,14,600 for married couples.
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The right question is:
Max, who is single and age 30, provides you with the following information from his financial records for 2021.
Regular income tax liability $77,794
AMTI 525,000
Taxable income 295,000
Calculate his AMT exemption for 2021.
a. $350
b. $73,250
c. $0
d. $73,600
consider the portion of a project depicted by this graph: what is the earliest finish time for activity 10-11 (far right-hand side) if the earliest start time of 8-10 (upper left-hand side) is 12 and the earliest start time of 9-10 (lower left-hand side) is 13? multiple choice 24 22 26 25 23
The earliest finish time for the activity 10-11(far right-hand side) is 23 if the earliest start time of activity 8-10 and activity -10 is 12 and 13 respectively. A diagram or pictorial representation that organises the depiction of data or values is known as a graph.
The relationships between two or more items are frequently represented by the points on a graph. Graphs and charts are useful visual aids because they make information accessible and quick to understand. Therefore, it is not unexpected that print and electronic media frequently use graphs. When data is displayed as a graph rather than a table, it can often be values to understand because the graph might show a pattern or comparison. Make a horizontal and vertical axis first.
(the given que is incomplete I answered this que in general according to my knowledge).
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(figure: short-run phillips curve) use figure: short-run phillips curve. the natural rate of unemployment is A) 3%. B)5%. C)7%. D)8%. E)1%.
The natural rate of unemployment, given the short - run and long - run Phillip ' s curve, is B. 5 %
How to find the natural rate of unemployment ?The natural rate of unemployment is the lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment.
The Long - Run Phillip's curve shows the natural rate of unemployment so if the Long - Run Phillip's curve is at 5 %, then this is the natural rate of unemployment.
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James gets a job at a multinational corporation. On his first day at work, he finds out that the numerical code assigned by the Internet Corporation for Assigned Names and Numbers (ICANN) to his computer system is 115.248.178.233. This numerical code is referred to as a(n) _____.
Internet Protocol address
This numerical code at multinational corporation is referred to as an Internet Protocol address.
What is a multinational corporation?A multinational company (MNC), also made reference to as a multinational enterprise (MNE), a transnational corporation (TNC), an international corporation, or a stateless corporation with subtle but contrasting meanings, is a corporate organization that controls and owns the manufacturing of goods or services in at least one nation other than its home country. To set an MNC apart from worldwide portfolio investment organizations like some international mutual funds that invest in foreign firms purely to diversify financial risks, control is regarded as a crucial component. The majority of today's most significant and significant businesses, including the Forbes Global 2000 companies, are publicly traded global organizations.
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f the beginning inventory is $15,000, purchases are $24,000, and the ending inventory is $23,000, the goods available for sale:
If the beginning inventory is $15,000, the acquisitions are $24,000, and the ending inventory is $23,000, the goods available for sale are $14000.
What is beginning inventory?The entire monetary worth of products in stock and ready to use or sell at the start of an accounting period is referred to as beginning inventory. Beginning inventory, also known as opening inventory, corresponds to the preceding accounting period's closing inventory.
Beginning inventory = the cost of items sold + ending inventory - purchases.
Given,
Beginning inventory = $15,000
Purchases = $24,000
Ending inventory = $23,000
Therefore,
Sales = Beginning inventory + Ending inventory - Purchases
Sales = $15,000 + $23,000 - $24,000
Sales = $38,000 - $24,000
Sales = $14,000
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the president of the united states argues that the government should impose a tariff on ball bearings because they are a necessary input into the production of various weapons. free trade would make the united states overly dependent on foreign countries for the supply of ball bearings. in case of a war, the united states might not be able to make or purchase enough ball bearings and, therefore, would not be able to make enough weapons to defend itself.
The president provides grounds for the trade limitation on tires citing national-security arguments.
What rationale exists for trade restrictions on the basis of national security?Another common argument for restricting trade is the assertion that free commerce compromises national security. This is explained by the fact that commerce enables nations to rely on other nations for the supply of vital resources.
What are the main countermeasures to trade restrictions abroad?Trade restrictions are routinely used to protect domestic businesses and workers from competition from international corporations. A country is said to have protectionist policies if it forbids the importation of goods and services created abroad.
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The correct question is:
The arguments for restricting trade Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported tires. Read the following scenario and answer the question that follows. The president the United States argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of tires and thus, in case of war, unable to make enough weapons to defend itself. Which of the following justifications is the president using to argue for the trade restriction on tires? Using-protection-as-a-bargaining-chip argument O Infant-industry argument O Jobs argument O National-security argument O Unfair-competition argument
B-Balls, a manufacturer of athletic balls, is facing increased competition due to the entry of several new firms into the industry. These new competitors have resulted in reduced demand for B-Balls' basketballs, and the company is losing money. What should B-Balls do in regard to output for their basketballs to help minimize losses until some firms exit the industry? They should reduce output to wherever their new MR curve equals the MC curve caused by a leftward shift in demand. They should reduce output to wherever their new MR curve is greater than the MC curve caused by a leftward shift in demand. They should increase output to wherever their new MR curve equals the MC curve caused by a leftward shift in demand. They should increase output to wherever their new MR curve is less than the MC curve caused by a leftward shift in demand.
They should cut back on production until their new MR curve meets the MC curve brought on by a leftward change in demand. A firm is a for-profit organization that offers professional services and is often created as a partnership.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN). The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
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The administrator, by order, can deny any exemption from registration for which of the following? i a municipal bond issued by another state, sold in the administrator's state ii an isolated non-issuer transaction iii a sale of securities to a bank trust department iv a private placement
The administrator, by order, can deny any exemption from registration for which of the following is unsolicited orders.
What is unsolicited orders?When the client requests a proposal, it is known as a solicited proposal. They have two options for asking: either out loud or in writing (RFP). When you send someone a proposal that they haven't even asked for because you think they should buy from you or do something, that is known as an unsolicited proposal. The following are the primary distinctions between requested and unrequested trades: Trades that are recommended by the broker to a client are known as solicited trades. Unsolicited trades are those that a client requests a financial advisor execute on their behalf.
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TRUE/FALSE. broker-dealers have a great deal of information about their clients that would be highly valuable to persons with evil intentions. in the cybersecurit
Cybersecurity safeguards not just the economic or other value of the data, systems, and networks in question, but also the integrity, functioning, and reliability of the human institutions and practices that depend on them.
The goal of cyber security procedures is the protection of information, infrastructure, and infrastructure networks (software and hardware). The lives and well-being of the people who rely on these systems are directly tied to the work of cybersecurity experts.
A broker-client dealer's database contains sensitive information that could be used for malicious purposes. Theft of personal information is a major issue, as it can be used to submit phony requests for money or investments from clients. Securities industry workers need to be alert to the warning signs of identity theft.
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Which of the following are effects that a strong organizational culture can have on employee behavior? a. Behavior aligns more closely with the firm’s strategic goals b. More effective cooperation c. Stronger commitment, engagement, and effort
c. Stronger commitment, engagement, and effort are effects that a strong organizational culture can have on employee behavior.
A strong culture is one that permeates every aspect of how a company or organization operates. With a strong culture, management and staff are aware of their responsibilities and will make an effort to uphold the company's essential principles.
Because "how things are done around here" is widely recognized and understood, there is less need for specific policies and processes, which is one of the main advantages of having a strong culture.
Excellent examples of organizations with robust cultures abound. In fact, as we've discussed in this blog, organizations founded on a set of core principles that are clearly defined and consistently upheld benefit from their strong culture as a source of competitive advantage.
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Auditing an attestation client’s inventory accounts can vary widely in complexity and time required because of which of the following factors? (Select all that apply.)
1.The level of access the client is willing to provide to physical inventory and the inventory accounts.
2.What type of inventory the client holds, and the quantities the client holds the inventory in.
3.Whether the audit is for a publicly or privately traded firm, as generally accepted auditing standards only require inventory audits for publicly-traded firms.
4.Whether the client is a manufacturing entity, a merchandising entity, or a service firm.
1. The level of access the client is willing to provide to physical inventory and inventory accounts.
Auditing inventory accounts requires access to physical inventory and inventory records. If the client is unwilling to provide access to these documents, the audit process can be more challenging and require more time.
Auditing inventory involves taking physical counts of all items in the inventory and then comparing this count to the existing inventory records. This is done to verify that the inventory records accurately reflect the actual number of items in the inventory. Auditing inventory helps to identify inventory discrepancies, errors, and potential losses. It can also help to ensure that inventory levels are updated in a timely manner.
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n general, total deductible home office expenses are limited to the gross income derived from the business minus business expenses unrelated to the home (that is, they are limited to net business income before home office expenses).
In general, total deductible home office expenses are limited to the gross income derived from the business minus business expenses unrelated to the home (that is, they are limited to net business income before home office expenses) True.
Does the home office deduction have an income cap?There are two ways for eligible taxpayers to determine their home office expense deduction: $5 per square foot is the cost for using the home for business purposes under the streamlined option. a the a the a the a the a the a the a the a the a the a The $1,500 maximum deduction allowed by this approach.
What are the three standards by which your home office might be considered a business expense?If they fit specific requirements, the self-employed can claim the home office tax deduction.
A home office must be utilized entirely and frequently for business purposes.
The total amount of deductible expenses must be greater than the revenue of the business for which they are being claimed..
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Lasso Inc. considered the probability of its recent tax position taken related to the deductibility of certain expenses of $100,000. Lasso Inc. is less than 50% certain that its tax position supporting the deductibility of the $100,000 will hold if the company is audited by the taxing authorities.
Lasso Inc. paid taxes based upon its tax position taken. Lasso’s income tax payable is $280,000, after considering the $100,000 deductible amount. Lasso’s tax rate is 25%.
When recording the entry to recognize income tax expense, liabilities will increase by:
A) $305,000
B) $280,000
C) $286,250
D) $355,000
The entry to recognize income tax expense, and liabilities will increase by 305000
Income Tax Liability to be increased by 305000
Income tax provision after considering expenses deductibility 280000
income 280000/.25 = 1120000
expenses = 100000
Income ignoring the expenses deductibility= 1220000
increased income tax liability= 1220000*.25= 305000
Liability typically approaches that you are responsible for something, and it can also imply that you owe someone money or offerings. for example, a homeowner's tax responsibility may be how lots he owes the metropolis in assets taxes or how lots he owes the federal authorities in profits tax.
In its simplest shape, your stability sheet can be divided into classes: property and liabilities. belongings are the items your corporation owns that could offer destiny financial benefit. Liabilities are what you owe other events. In brief, assets put money in your pocket, and liabilities take cash out!
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you work for the city planning agency in houston and successfully pass ordinances designed to double population density. based on the graph, predict the approximate change in carbon emissions. you work for the city planning agency in houston and successfully pass ordinances designed to double population density. based on the graph, predict the approximate change in carbon emissions. 10% decline 25% decline 50% decline 75% decline
Option C is correct, according to the question. According to the graph, the estimated change throughout carbon emissions will be a 50% decrease.
What exactly is business?
A business has been defined as a company or organization that engages in commercial, manufacturing, or professional life. Business owners can be any which profit - making or non-profit companies.
What is the significance of business?
Business is extremely important in our lives. First, they produce products and services that meet our needs and desires. After that, they recruit families as labor as well as compensate them with wages, wages, and benefits. As a result, it turns into a source of revenue for them, which they can use to support their family.
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explain how a manager would use each of the following: financial statement, balance sheet, income statement, and audit.
Let's examine how a management might utilize an income statement, balance sheet, and audit in the context of the organization.
In an organization collection of accounting reports known as financial statements are used to communicate economic and financial information to users outside the company, such as creditors and investors. A balance sheet is a type of financial statement that lists a company's assets, liabilities, and shareholders' equity as of a particular date.
The objective of an audit is to give users of financial statements an opinion on whether the financial statements are presented fairly, in all material ways, and in compliance with the relevant financial framework.
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from the list of costs given below, check the four costs associated with ownership that do not have to be paid by renters:
The four Costs associated with ownership that doesn't have to be paid by renters are tags, repairs, depreciation, and tires.
Cost is the value of money that has been used up to produce a commodity or deliver a service and hence isn't available for use presently. In business, the cost may be one of accession, in which case the quantum of money expended to acquire it's counted as cost.
In this case, money is the input that's gone to acquire the thing. Homeownership comes with several costs beyond the price of the home, including property levies, mortgage interest, homeowners insurance, bills, legal freights, landscaping costs, and homeowner association freights.
It's less expensive to rent a home than to enjoy one, thanks to the multitudinous charges associated with homeownership. Renters pay a yearly figure to live on someone's property, while homeowners pay a yearly mortgage to ultimately enjoy the property in which they live.
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pratt incorporated reported $198,300 book depreciation on its financial statements and deducted $256,000 macrs depreciation on its tax return. as a result, pratt has a $57,700:
A) Favorable permanent book/tax difference
B) Unfavorable permanent book/tax difference
C) Unfavorable temporary book/tax difference
D) Favorable temporary book/tax differenc
The correct answer of the given question is option D. which is Favorable temporary book/tax difference.
An income tax is a charge placed on individuals or entities (taxpayers) based on their earnings or profits (commonly called taxable income). Income taxes are normally calculated by multiplying tax rates by taxable income. Depending on the characteristics of the taxpayer and their source of income, tax rates may vary.
The tax rate might change as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on firms is known as corporate tax and is frequently calculated at a predetermined rate. Most tax rules exempt neighborhood charitable organizations. The tax rate on investment income could be different from the tax rate on other types of income, which is normally lower. Any type of tax-reducing credit may be given. Some nations may levy an income tax, a tax on an alternative basis or measure of income, or both, whichever is larger.
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Assume Nada Corporation has filed bankruptcy. As part of the bankruptcy proceeding, Nada is required to make payments to a secured creditor. Based upon these facts alone, the book would refer to these payments as
a. Proofs of claim
b. Preferential transfers
c. Adequate protection payments
d. Fraudulent transfers
Answer: C
The book would refer to these payments as Adequate protection payments
Some credit card firms and lenders offer a payment protection plan as an optional service, which enables customers to avoid making the minimum monthly payments on a loan or credit card amount during an involuntary unemployment or disability.
Payment protection, also known as debt protection, aims to provide you peace of mind by giving you the option to temporarily stop making monthly payments on your loan or credit card amount if you encounter specific adversities. Depending on the plan, you could not be required to make any payments during that time or you might be eligible for partial forgiveness of the sum.
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the principal-agent relationship between medical clinic llc and network referral service is not contractual. if medical, the principal, violates a duty to network, the agent is entitled to
If medical, the principal, violates a duty to network, the agent is entitled to recover for past services and future damages
What is meant by agent?
In economics, agent refer a person whose job is to do business for a company or for another person.
Here we have the the principal-agent relationship between medical clinic LLC and network referral service is not contractual.
And we need to find if medical, the principal, violates a duty to network, the agent is entitled.
As per the definition of agent, we must know the meaning of principal-agent relationship that is an arrangement in which one entity legally appoints another to act on its behalf.
In this relation, an agent acts on behalf of the principal in his dealings with a third person, a contractual relationship between the principal and the third person is created and the agent is not personally liable.
So, the duty of agent is to recover the properties based on the complaint.
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3. Describe how management theory has progressed from the Industrial Revolution to the 21st century. Give one example of classical management theory being used today. Give one example of modern management theory being used today.
s an arrangement in which the focal firm or a consortium of firms plans, finances, organizes, manages, and implements all phases of a project abroad and then hands it over to a foreign customer after training local workers.
The correct answer is turnkey contracting. A turnkey contract is one in which the contractor is in charge of the facility's design and construction.
What is turnkey contracting?An agreement that requires a builder to finish a project by the time it is delivered to the other contracting party in order for it to be usable.
For instance, a contractor might consent to construct a fully functional plant as part of the turkey deal. When the contractor gives the client the finished installation, his responsibility is gone.
A turnkey contract is construction agreement in which a contractor is hired to plan, design, build, complete other required work to make a project, infrastructure functional at a predetermined cost; by a specified date.
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Sparky's incorrectly included inventory that was on consignment in its ending inventory count. Consequently, the ending inventory was overstated on the balance sheet. Explain how this error will effect this year's income statement.this year's cost of goods sold will be too low. this year's net income will be too high
COGS will be too low, resulting in an inflated income statement. The direct cost of producing a company's goods is known as its cost of goods sold (COGS).
Due to the fact that COGS is an operating expense, it is shown as such on the income statements. Analysts, investors, and managers can more accurately predict the company's bottom line by being aware of the cost of goods sold. Net income will fall off as COGS rises. The business will make less money for its shareholders even though this change is advantageous for income tax purposes. In order for their net profits to increase, businesses try to keep their COGS low.For instance, COGS for an automaker would include the labour costs used to assemble the car as well as the material costs for the parts that go into making the car. Costs associated with transporting the vehicles to dealerships and hiring salespeople would be excluded.As a result, COGS will be too low, producing an inflated income statement.
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Which of the following statements is most correct?
a. The optimal capital structure minimizes the WACC. b. If the after-tax cost of equity financing exceeds the after-tax cost of debt financing, firms
are always able to reduce their WACC by increasing the amount of debt in their capital
structure.
c. Increasing the amount of debt in a firm’s capital structure is likely to increase the costs of
both debt and equity financing.
d. Statements a and c are correct.
e. Statements b and c are correct.
Answer:
The most correct statement is "Statements b and c are correct."
Explanation:
The optimal capital structure is the one that minimizes the firm's weighted average cost of capital (WACC), which is the average cost of all the different sources of financing the firm uses (e.g. debt, equity, etc.). If the after-tax cost of equity financing exceeds the after-tax cost of debt financing, firms can reduce their WACC by increasing the amount of debt in their capital structure. However, increasing the amount of debt in a firm's capital structure is likely to increase the costs of both debt and equity financing, as creditors and investors may require higher returns to compensate for the increased risk of the firm's capital structure. Therefore, statements b and c are correct. Statements a and d are incorrect because they do not accurately reflect the relationship between the firm's capital structure and its WACC.
Let me know if I made a mistake.
if slovenia is a large country in world trade, then if it imposes a large set of tariffs on many of its imports, this would
If Slovenia is a large country in world trade, then if it imposes a large set of tariffs on many of its imports, this would A) decrease the internal price of imports below the world market rate.
In the field of business, a tariff can be described as a specific revenue that a business has to pay if it wants to sell its products to another country. For countries that have a large world trade, a higher amount of tariff is imposed as businesses from many countries will be interested in selling their products in such countries.
Such countries, like Slovenia, with a well-known name in the world trade, will have lower rates or decreased internal prices for imported products because of the higher amount of tariff that was imposed on these imported products. There will be no extra value added to these imported products as a good amount of revenue has been generated by the government through imposing tariffs. Hence, option A is correct.
Although a part of your question is missing, you might be referring to this question:
If Slovenia is a large country in world trade, then if it imposes a large set of tariffs on many of its imports, this would
A)decrease the internal price of imports below the world market rate.
B) increase its exports.
C) have no effect on its terms of trade.
D) harm its terms of trade.
E) decrease its marginal propensity to consume.
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Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2017, at a price of $390,000. He rejected several offers in the $350,000 range during the summer. Finally, on August 16, 2017, he and the purchaser signed a contract to sell for $363,000. The sale (i.e., closing) took place on September 7, 2017. The closing statement showed the following disbursements: Real estate agent's commission Appraisal fee Exterminator's certificate Recording fees Mortgage to First Bank Cash to seller $21,780 600 300 800 305,000 34,520 Wesley's adjusted basis for the house is $200,000. He owned and occupied the house for seven years. On October 1, 2017, Wesley purchases another residence for $325,000. If an amount is zero, enter "O" a. Wesley's recognized gain on the sale is b. Wesley's adjusted basis for the new residence is c.Assume instead that the selling price is $800,000. Wesley's recognized gain is ,and his adjusted basis for the new residence is
Wesley's recognized gain on the sale is $0.
Wesley's adjusted basis for the new residence is $325,000.
Assume instead that the selling price is $800,000. Wesley's recognized gain is $326,520, and his adjusted basis for the new residence is $325,000.
How do we compute these gains and basis?Wesley's actual gain:
= $363,000 - $21,780 - $600 - $300 - $800 - $200,000
= $139,520.
So, Wesley's actual gain is $139,520 but it can all be excluded using section 121.
Now, If the selling price is $800,000; Wesley's actual gain:
= $800,000 - $21,780 - $600 - $300 - $800 - $200,000
= $576,520.
So, Wesley's actual gain is $576,520 but he can exclude $250,000, so his recognized gain is $326,520.
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alexa owns a condominium near cocoa beach in florida. in 2022, she incurs the following expenses in connection with her condo: insurance $ 2,300 mortgage interest 6,950 property taxes 2,240 repairs
The total expenses in connection with her condo is $28,900.
What is an expense?An expense is something that calls for giving money—or fortune in general—to another person or organization in return for a good, service, or other form of cost. For a renter, rent represents a cost. Parents and students both have to pay for tuition. Frequently, expenses are described as things like buying food, clothing, furniture, or a car. In accounting, the term "expenses" refers to any specific transfer of cash or other valuables from one person or company to another. This outflow typically indicates one side of a trade for products or services that have a higher present value or future worth to the buyer than to the seller, whether that future value is equal to or greater.
Total expenses = 2000+6500+ 2000+1400+2500+ 14500
= $28,900
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alaska mining co. acquired mineral rights for $32,736,000. the mineral deposit is estimated at 148,800,000 tons. during the current year, 22,300,000 tons were mined and sold. question content area a. determine the amount of depletion expense for the current year. round the depletion rate to two decimal places. fill in the blank 1 of 1$ question content area b. journalize the adjusting entry on december 31 to recognize the depletion expense. if an amount box does not require an entry, leave it blank. date account debit credit december 31 - select - - select - - select - - select -
a. The depletion expense for the current year is $2.21 per ton. Hence, the depletion expense for the current year is 22,300,000 x $2.21, which is equals to $49,283,000.
b. The adjusting entry on December 31 to recognize the depletion expense would be as follows:
Date Account Debit Credit
December 31 Depletion Expense $49,283,000 Mineral Rights 32,736,000
This entry recognizes the depletion expense for the current year. The Mineral Rights account is debited because the depletion expense is a charge against the mineral rights acquired. The Depletion Expense account is credited for the amount of the expense. This entry is necessary to ensure that the Mineral Rights account is properly adjusted for the current year’s depletion expense.
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- In the context of peer ratings, employees are most likely to distinguish between good and poor performers when:
a) they establish performance standards based on their own performance
b) their peers are not working in the same place.
c) their peers belong to the same ethnicity
d) they fear reprisals from their peers.
In the context of peer ratings, employees are most likely to distinguish between good and poor performers when b) their peers are not working in the same place.
What is peer ratings?Peer ratings can be descibed as the evaluation of an individual's behavior along with his or her associates thios can be among the physician peer review.
It should be noted that In child development research, peer ratings can be gotten from members of a child's peer group, however peer ratings, employees are most likely to distinguish between good and poor performers.
Therefore, option B is correct.
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